UMB Bank n.a. Buys 319 Shares of Unum Group (NYSE:UNM)

UMB Bank n.a. grew its stake in Unum Group (NYSE:UNM) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,084 shares of the financial services provider’s stock after acquiring an additional 319 shares during the quarter. UMB Bank n.a.’s holdings in Unum Group were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Unum Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider’s stock valued at $326,950,000 after purchasing an additional 55,014 shares during the period. Victory Capital Management Inc. boosted its position in shares of Unum Group by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock worth $70,511,000 after purchasing an additional 66,392 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Unum Group by 151.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after buying an additional 307,175 shares during the period. Franklin Resources Inc. increased its position in shares of Unum Group by 50.0% in the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after buying an additional 156,380 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Unum Group by 9.5% during the 2nd quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider’s stock worth $21,127,000 after buying an additional 35,723 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now directly owns 54,827 shares in the company, valued at approximately $4,217,292.84. This trade represents a 15.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the transaction, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,914 shares of company stock valued at $7,998,745. 0.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UNM shares. Piper Sandler boosted their target price on Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America boosted their price objective on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 price target (up previously from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Finally, Barclays raised their price objective on shares of Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.45.

Unum Group Stock Down 0.1 %

Shares of UNM stock opened at $75.36 on Thursday. The firm’s fifty day moving average price is $73.86 and its two-hundred day moving average price is $63.41. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 1 year low of $46.39 and a 1 year high of $77.63. The firm has a market capitalization of $13.76 billion, a P/E ratio of 8.16, a PEG ratio of 1.06 and a beta of 0.81.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.94 earnings per share. Unum Group’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Unum Group will post 8.54 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, January 24th. Unum Group’s payout ratio is presently 18.18%.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.